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Crop insurance expected to pay across southern Minnesota

A farm management analyst in Minnesota expects a lot of crop insurance policies to pay out this year.

Kent Thiesse says the region has dealt with weather challenges all season.

“A lot of farmers will probably be able to collect some crop insurance on some of their farms this year, especially if they have optional units on individual farms versus enterprise units on all their acres.”

He tells Brownfield current prices are below the spring crop insurance base of $4.66 for corn and $11.55 for soybeans.

“So that means our harvest price, (which) won’t be finalized until November 1st, but if the harvest price is lower it means your threshold to start collecting kind of goes up near your APH yields.”

Thiesse says corn and soybean yields in southern Minnesota have been disappointing and expects farmers to collect on more than 90 percent of policies.